Jobless: 1 in 7 Americans Without Work

The February job numbers are grim, as expected. The official unemployment rate is now 8.1%, with 650,000 Americans losing their jobs just last month. The number that is usually underreported, however, is the U-6 unemployment figure. This is a more realistic way to...

Food Stamps: 31 Million Americans on the Dole

   WASHINGTON (Reuters) – A record 31.8 million Americans received food stamps at the latest count, an increase of 700,000 people in one month with the United States in recession, government figures showed on Thursday. Food stamps, which help poor people buy...

In God we trust; all others pay cash.

Berkshire Hathaway, the company founded and managed by Warren Buffet released their Annual Report and Shareholder letter for 2009. This year’s report details Warren Buffets thoughts on the economic crisis in 2008 and how performance of his stock was affected....

Wholesale inflation takes biggest jump in 6 months

Peter Schiff, Marc Faber, Gerald Celente and others have been forecasting an eventual turnaround from deflation to inflation. And according to some reports, inflation is here. To be clear, what we are seeing is higher prices, which is not inflation itself, but a...